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Financial Planning for Medical Professionals with Stephanie Nanney – Part One (Ep. 51)
Manage episode 442162510 series 3398979
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Contrary to popular belief, earning a salary as a medical professional can sometimes cap your financial growth.
Exploring different compensation models could open doors to greater control and profitability.
Join Nicole Romito as she sits down with her partner at Private Vista, Stephanie Nanney to peel back the layers of financial planning for medical professionals, providing insights into compensation structures, retirement planning, and the critical decisions that can shape your financial well-being. By listening, you’ll gain valuable knowledge on how medical professionals are paid, the importance of understanding compensation structures, and strategies to maximize your financial security.
Nicole and Stephanie discuss:
- Compensation structures for hospital employees vs. private practice professionals.
- Contractual considerations for medical professionals regarding salary, bonuses, and benefits.
- Designing retirement plans to maximize pre-tax savings for medical practice owners.
- The evolving trend of private practice ownership and its financial and tax implications.
- And more!
Resources:
- Why Women Belong in the Wealth Management Industry (Ep. 15)
- Strategies for Maximizing Executive Compensation – Part One (Ep. 42)
- Strategies for Maximizing Executive Compensation – Part Two (Ep. 43)
Connect with Nicole Romito:
Connect with Stephanie Nanney:
About Our Guest:
Having grown up around the financial services industry, Stephanie Nanney, CFP®, CPFA, knows the value of long-term relationships with clients and the work and reward that comes with helping those clients, and their families, achieve financial goals. Stephanie’s primary goal in helping clients is to listen to them and establish a genuine partnership, providing a strong foundation of financial knowledge that is crucial to achieving their goals. Ultimately, witnessing her clients achieve their Private Vista is the most rewarding aspect of her work.
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